Monero has significant scalability problems, and it also has been vulnerable to invisible inflation hacks, just like zcash and Liquid network.
confidential transactions turns out to be bad for security and verification of supply which is essential for money.
Scalability is important for decentralization, and monero for this reason won't be decentralized if it was mainstream, because it is not scalable, and monero transactoins are large compared to bitcoin onchain transactions, and monero has all transactions on chain which is silly for every day transactions. Every node would need to keep every transaction of all of history for everyone including for small payments for coffee. With layer 2 on bitcoin, you can fit a massive number if not unlimited number of transactions into the footprint of just one or two onchain transactions (in the case of lightning, channel opening and closing). And with channel factories you won't even need onchain footprint at all as I understand.
Monero has significant scalability problems, and it also has been vulnerable to invisible inflation hacks, just like zcash and Liquid network.
confidential transactions turns out to be bad for security and verification of supply which is essential for money.
Scalability is important for decentralization, and monero for this reason won't be decentralized if it was mainstream, because it is not scalable, and monero transactoins are large compared to bitcoin onchain transactions, and monero has all transactions on chain which is silly for every day transactions. Every node would need to keep every transaction of all of history for everyone including for small payments for coffee. With layer 2 on bitcoin, you can fit a massive number if not unlimited number of transactions into the footprint of just one or two onchain transactions (in the case of lightning, channel opening and closing). And with channel factories you won't even need onchain footprint at all as I understand.